J.Safra Asset Management Corp Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

J.Safra Asset Management Corp raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 230.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,018 shares of the technology company’s stock after buying an additional 1,408 shares during the period. J.Safra Asset Management Corp’s holdings in Dell Technologies were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the period. Geode Capital Management LLC boosted its position in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after buying an additional 2,641,456 shares during the period. Bank of New York Mellon Corp boosted its position in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after buying an additional 1,139,318 shares during the period. Alkeon Capital Management LLC boosted its position in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after buying an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Dell Technologies by 12.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock valued at $223,417,000 after buying an additional 213,240 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 929,407 shares of company stock worth $113,411,626. 46.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DELL. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays raised their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Loop Capital dropped their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Stock Performance

NYSE:DELL opened at $94.21 on Wednesday. The firm has a market cap of $65.99 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The firm has a 50-day simple moving average of $111.61 and a two-hundred day simple moving average of $118.18.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).